GE's Immelt Doesn't Disappoint This Time

But weakness persists at GE Capital, which lost $150 million pretax for the quarter. GE's NBC, health-care, and transportation units were also down

One year after Jeffrey Immelt's quarter horribilis—when General Electric (GE) shocked Wall Street with a wide earnings miss that left investors reeling—the GE chairman and CEO beat expectations this time around. On Apr. 17, GE announced first-quarter earnings per share of 26¢, beating analysts' 21¢ consensus expectation.

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